World Business Briefing | Asia: South Korea: KT Posts Net Profit

The KT Corporation, which operates most of the telephone service in South Korea, has reported a net profit of 325.5 billion won ($275.6 million) for April through June, down from a net profit of 488.5 billion won ($413.7 million) in the second quarter of 2002. Formerly Korea Telecom, KT reported sales of 2.95 trillion won in the second quarter, up 2.9 percent. Don Kirk (NYT)